Sama Resources Liberia Inc.

Sama Resources Inc created the 100% owned subsidiaries Sama Resources Liberia Inc (“SRL”) in June 2020.   SRL is focused on the discovery and development of high-grade gold occurrences in Liberia, West-Africa.

Liberia has a long history of artisanal gold mining, but the country is largely underexplored in terms of modern mining. Liberia’s geology is similar to that of other West African countries with significant gold production, such as Ghana and Mali, and it is believed to have significant potential for large-scale gold deposits.

Several international mining companies are actively exploring for gold in Liberia, and some have already made significant discoveries. For example, New Liberty Gold Mine, owned by Avesoro Resources, is Liberia’s first and largest commercial gold mine, with an estimated resource of over 1 million ounces of gold.

In January 2021, SRL was granted three exploration permits for gold in Liberia (Figure 8).

• The Zwedru South property (MEL9001921), which covers 312.85 km² and expires on January 9, 2024, is located 40 km south of the town of Zwedru and close to the road linking Zwedru to Greenville. Significant alluvial and saprolite artisanal gold mining activity were identified in the surroundings (Figure 9).

• The St-John River Gold property (MEL9001821), which covers 174.51 km² and expires on January 9, 2024, is located 90 km NE of Buchanan and close to the railway linking Buchanan and Mont-Nimba. Significant alluvial and saprolite artisanal gold mining activity were identified in the surroundings.

• The Nuon property (MEL9001721), which covers 259.13 km² and expires on January 10, 2024, is 260 km east of Monrovia and 20 km from Zwedru town and next to the border with the Côte d’Ivoire. Significant alluvial and saprolite artisanal gold mining activity identified at the Barteh Jam, Nico, Middle East and Mambo mining camps. Barteh Jam and Mambo camps respectively being two of the largest in Liberia. The area was poorly worked previously but still confirming numerous gold areas north of the proposed area. The amphibolite schists are hosting several nickel and copper occurrences/indices as defined by the USGS. Historical drilling results reported in the area are as follow:

Historical drilling results reported in the area:

– 2.6m @ 5.43g/t Au, incl. 1.1m @ 11.2g/t Au;
– 4.0m @ 12.7g/t Au, incl. 1.0m @ 49.0g/t Au;
– 3.0m @ 4.51g/t Au, incl. 1.4m @ 7.42g/t Au;
– 1.0m @ 19.9g/t Au;
– 3.0m @ 11.7g/t Au;

– 3.0m @ 4.9g/t Au;
– 16.0m @ 1.16g/t Au, incl. 1.0m @ 5.62g/t Au;
– 3.0m @ 2.69g/t Au;
– 4.0m @ 2.64g/t Au;
– 1.0m @ 8.80g/t Au.

Gold in Liberia is concentrated in both the Archean craton and the Birimian greenstone belts. Trends & Structures cross-cutting into Ivory Coast. More than 600 Gold occurrences outlined by USGS in the 80’s (Figure 1).

SRL has started extensive soil sampling for gold exploration at two 100% owned exploration permits in Liberia, namely St-John (330 km²) and Zwedru South (175 km²) respectively (Figure 1).   Preliminary results are promising at both locations. At the Zwedru South property preliminary results are defining anomalous gold-in-soil trend that can be traced over several kilometers.

Figure 1: SRL’s three exploration permits together with the +600 gold occurrences and nickel showings in Liberia.

Geological mapping, pitting and soil sampling programs started in August 2022 at the St-John project and in February 2023 at the Zwedru South property.  A total of 7,243 soil samples were collected at St-John and 2,385 at Zwedru South, including control samples. At the Zwedru South, surface gold local diggers are active in low land areas collecting gold from surface alluvions. SRL is exploring for the hard rock sources of gold within sheared mafic-ultramafic geological units forming elevated ridges in vicinity of current surface gold extraction activities.

St-John Property

At the St-John property, SRL began exploration efforts in August 2022 initially examining an alluvial/eluvial old pits performed by local gold diggers. Subsequently, a series of 30 pits were dug and the contents of the pits were hand washed for evidence of gold. Out of the 30 pits dug, 27 pits contained visible gold (Figure 2). 

Figure 2: SRL’s St-John property showing preliminary soil sampling results. Photos of gold collected from pits in 2022. 

Zwedru South Property

The Zwedru South property includes the largest and strongest soil geochemical anomalies outlined so far. A strong gold-in-soil anomaly has been identified over a 6-kilometer strike length with widths up to +600 meters. Additional potential zones were defined by SRL going north of the main anomaly. Several surface local gold diggers are active in a sector called “Slomeh” whereby evidences of pass surface mining operation are still present, including rusted parts of a drilling rig and other heavy parts scattered (Figure 4). At Slomeh, local gold diggers are trying to crush the surface ferricrete to extract gold. Visible gold (“VG”) is present associated with quartz veins (Figure 5).

Further exploration includes completing soil sampling in the Slomeh area followed with a trenching program on prominent soil anomalies.

Figure 3: Zwedru South property showing anomalous gold in soil trend within mafic units. The Solmeh area is in the north-eastern corner of the property. 

Figure 4: Zwedru South property: rusted exploitation equipment’s at the area called Slomeh.

Figure 5: Zwedru South property: quartz fragments with visible gold collected from dug pits by local gold diggers at the Slomeh area, photos taken by SRL’s geologist Marc Michel Koffi.